Michael Hennigan on share repurchase policy
From Marathon Petroleum Corp ($MPC) Q3 2025 Earnings Call · · Castify Earnings Call
“We do not see taking on debt at MPC to buy back stock as something that we would do. Having said that, we do believe that our margin delivery will allow us to continue to lead in share repurchases.”
On , Michael Hennigan, Executive Chairman of the Board at Marathon Petroleum Corporation, spoke about share repurchase policy during Marathon Petroleum Corp ($MPC) Q3 2025 Earnings Call on Castify Earnings Call.
About Michael Hennigan
Michael Hennigan, Executive Chairman of the Board at Marathon Petroleum, will step down from his role at the end of 2025. During the company's third-quarter earnings call, CEO Maryanne Mannon stated that Hennigan's "guidance has been tremendously valuable to our board, to me" and that he leaves the company "in an extremely strong position."